A Drip Means Something

Ever had one of those nasty faucet leaks that just keeps dripping… over and over and over? It just never stops. Well, that’s kind of like reading the US Bankrupty Court order on Jeff Davis.

After Jeff Davis scammed a Georgia couple out of $1 million in a for-my-profit shell company failure, he hit some hard times.

You can only imagine why. Losing millions of dollars of others people’s money on a bank-stock-deal-scam-gone-bad is never a good thing, but doing so while forging your clients’ names on loan documents doesn’t help you very much.

That’s what a U.S. bankruptcy court said in 2013 when Jeff Davis tried to “Chapter 11” his way out of repaying that Georgia couple their $1 million that he’d embezzled.

embezzlement
/əmˈbezəlmənt/
as generally defined under federal law

the fraudulent appropriation of property by a person to whom such property has been intrusted or into whose hands it has lawfully come

When a U.S. court puts it down in black-and-white that you’ve been “fostering a false impression” and that your testimony “lacks credibility,” you’d think Jeff Davis would maybe step back, take a real deep look at himself, and do the honorable, respectful thing.

That is what they teach at his alma mater, The Citadel – Honor, Duty, Respect!!

But… nah… Jeff Davis doubled-down in court. He went so far as to ask the judge for an “impartial opinion as to whether he had engaged in any wrongful acts.”

Seriously? This is like the judicial version of ESPN’s “C’Mon Man!”

Chief US Bankruptcy Judge for the District of South Carolina, David R. Duncan, said it as plain as day, “The Court hopes this Order provides some guidance. Simply stated… Defendant does not fall within the category of an ‘honest but unfortunate’ debtor.